bookmark_borderWhat is Treasury Management Software?

Definition: Treasury Management Software manages the creation and governance of policies and procedures that ensure the company manages financial risk successfully.

The primary function of treasury management software is  to establish levels for cash or cash equivalents. Resulting in a company meeting its financial obligations on time, treasury management is sometimes simply referred to as cash management.

Because a primary function of treasury management is establishing levels for cash, it’s sometimes referred to as cash management.

A treasury management system, or ERP, is an application that automates the repetitive steps to manage a company’s cash.  A TMS, solution is on-prem or a SaaS subscription  a third-party provide. TMS consists of hardware, software and real-time data for cash positions, interest rates, payables, receivables and foreign exchange rates.

Some treasury vendors support a mix of messaging standards including BAI2, EDIFACT, EDI, SWIFT FIN and ISO 20022.

The best Treasury management software vendors are without a doubt Infor and Kyriba

These solutions provide CFOs and treasurers with the visibility and reporting they need to optimize cash and liquidity, control bank accounts, deliver compliance, and better manage in-house banking and financial transactions. See why IDC ranked Kyriba and Infor as the global leader for SaaS and cloud-enabled treasury and risk management applications. Request the report

Infor contains three core modules.

  1. Firstly provides treasurers with visibility and reporting they need to optimize their cash, control bank accounts, and manage liquidity.
  2. Secondly enables users to manage and track debt and investments and integrates with ERP cash management, payables, and global ledger.
  3. Thirdly offers global, multi-bank payment. Users can support corporate payment and disbursement, including payment factories and payments-on-behalf-of.

Smart Solution can help you implement both software solutions. Connect with us to discuss

More about Treasury management Software

Start Your Day with 100% Cash Visibility

Having clarity and visibility into an organization’s cash and liquidity above all a fundamental and vital requirement for any treasury department.  This needed to support critical financial decisions and strategic business objectives. Leverage industry-best bank connectivity so clients can get their cash positions from every global bank at the start of the day.

Create Perfect Cash Forecasts

Deliver timely and accurate global cash visibility, enabling treasury teams to create accurate forecasts that deliver confidence throughout the organization. In conclusion a TMS’s advanced cash forecasting capabilities are extensive for options for entry, import, modeling and measuring the effectiveness of cash forecasts. For instance this enables clients to extend the accuracy and horizon of their cash forecasting—by day, week, month or year.

Gain Control of Your Global Bank Accounts

Trying to manage too many bank accounts worldwide creates chaos, confusion and potential compliance and security risks. Therefore treasury management software for bank relationship management solution enables clients to improve control over all global bank accounts, including segregation of duties, audit trails, signatory tracking, FBAR reporting and more. Just as interesting the solution also offers robust bank fee analysis to help monitor—and reduce—bank fee structures.

Easily Manage In-House Banking Capabilities

A TMS’ in-house banking capabilities enable organizations to track and report inter-company transactions between a parent company and particularly subsidiaries to help pool cash and more efficiently borrow, invest or hedge exposures. Coupled with features for  interest calculations, in-house bank transactions, in-house bank balances, reporting to subsidiaries and more.


Better Manage Financial Transactions

The lack of visibility into an organization’s investing and borrowing can leave the treasury department feeling exposed to risk and possible fraud. For this reason Saas Solutions enables clients to easily manage and track a broad set of financial transactions, including debt, interest rate derivatives, investments and foreign exchange. Restating the obvious, all seamlessly integrated with accounting and other treasury functions through a centralized cloud platform.

bookmark_borderBest BI software for distributors

Critical Capabilities for Analytics and Business Intelligence: Best BI software for distributors

The 2018 Gartner Critical Capabilities for Business Intelligence Platforms report enhances the Gartner Magic Quadrant. Firstly with deeper insight into vendors’ product and service offerings. Secondly by providing product ratings of key capabilities in critical differentiating usage scenarios. In conclusion the Best BI software for distributors is Birst from infor.

The 2018 Gartner Magic Quandrant report

Birst received the highest scores in the OEM/Embedded BI use case. Additionally Birst was recognized for the best capabilities in Extranet Deployment. Furthermore Birst  received the second highest scores in the Governed Data Discovery.  Birst BI is among the 5 highest scoring vendors for every use case evaluated by Gartner. In conclusion when you combine all these elements Birst is the best BI software for distributors.

Garter MQ for BI and analytics

Find out which vendor has a product that fits your use case, read the 2018 Gartner Critical Capabilities 

Artificial intelligence is hitting the mainstream across the business world.  Infor and Smart Solutions participated in a webinar for wholesale distributors who need to stay competitive.

The potential applications for AI “are vast and varied, and in truth, that’s where the real excitement lies,” said session moderator Daniel Seeger, editor of Industrial Distribution magazine. Panelists pointed to the technology as an essential tool for distributors of all sizes, and a “game-changer” that can get key staff out from behind their keyboards to instead focus on higher-value activities.

The beginning of a wave in smart analytics in conclusion the Best BI software for distributors

Beyond the multiple benefits distributors can take away from the right adoption plan,

  • 60% of organizations expected their AI investment to grow more than 50% in 2018.
  • 52% of respondents to a Constellation Research survey reported AI projects in production or in pilots in their IT departments, along with 50% in customer service, 46% in sales and marketing, and 36% in employee productivity.
  • 47% of organizations with “advanced digital practices” have defined AI strategies.
  • 72% of corporate leaders see AI as a “business advantage” that will be fundamental to their future success.
  • AI adoption aligns closely with industry leaders that have developed broader innovation strategies, with 61% of them using the technology to distill future opportunities from the available data.


From digital assistants to inventory management

Best BI software for distributors

CloudSuite™ Distribution is a ready-to-run software solution, built specifically to meet the needs of wholesale distributors. It provides deep, proven capabilities in key areas such as inventory management, order processing, pricing and rebates, supply chain and procurement, value-add, financials, and more.

HIGHLIGHTS of Best BI software for distributors

  • Optimize the purchase of both stock and nonstock products with advanced order control
  • Integrated special pricing and rebate claims module
  • Offer value-added services, such as kitting, assembly, private labeling, warranty tracking, field service, storeroom management
  • New capabilities released every thirty days

bookmark_borderWhat is Close Management Software?

My Close Management Software.

I certainly would to like to shave time off the month end close. Firstly, put an end to the boring manual tasks. Secondly, streamline the inefficient reconciliation processes. The result is gets numbers that accounts can trust. Therefore what is close software? The set of tools to complete your close process faster and with less risk and higher confidence.

Close management software helped me with all of that. For example it helps me keep my sanity intact. In brief, close management software helps accounting departments. There is no doubt it reduces close time, reduces errors, and streamlines financial reporting. Here’s how it works:


ERPs and present day bookkeeping frameworks are incredible for follow up exchanges. They’re not incredible for accommodating record adjusts. That implies  my staff depend on Excel to do every one of those tasks. To extract the information from my ERP to the spreadsheet requires a manual process for the most part and hence it is error prone.  You should know that Excel can’t be secured. As a result, There’s no real way to follow when changes were made and by whom.

Close management software acts as the missing link. First, It connects between your ERP and your reconciliations. Second, close software automates my process of  reconciliation. After that the process is a snap because systems can be easily compared. Some systems allow accountants to retain their familiar workbooks.

There is a dynamic link between the ERP and the reconciliations. When a journal entry throws a reconciliation off, the software flags this. I can then examine it as the exception. As a result I eliminated multiple versions of workbooks.


My Excel checklists are great for keeping track of task. However they aren’t so good at sharing the instructions of the task.. Without documentation of how processes performed my team’s tribal knowledge becomes rampant.

With close management software, my departments’s processes can be easily documented. I create standardized workflows. My team continuously improve on them.  When I add a new team member that becomes a piece of cake. I have no need to panic when a team member leaves. Someone else can pick up the pieces and keep the process active..

The best close software systems allow you to keep the work process the way you’ve established. They allow for the incorporation of your current checklists and procedures. If you don’t have processes, the system will help you create ones easily.


Traditionally, I control the process. I am the only one with access to the central checklist.  The team no longer has a big picture view of the whole close process.

Close software makes the process transparent to everyone involved. It displays all the tasks and their status in a central dashboard. Everyone can easily see which controls are performed.  Micromanagement is gone. There’s no need to waste time in status update meetings. In conclusion , no more endless email chains.

Job satisfaction gets a boost. Everyone on my team has a greater sense of ownership for their tasks. Above all, now creative thinking to find better solutions becomes the norm.


I no longer need to search bulky binders, file cabinets and email chains. Its easy for me to find that elusive document I need to tie out a balance. I even have the auditor’s PBC list. The Close software saves me a lot of time by storing documents with their associated accounting process. My new review process is faster. The dashboard shows My management team what’s ready for review. In conclusion all the documents the executives need are just a click away.


You have heard the traditional mantra for closing.  You can get it fast or get it right. Honestly that is no longer the case. Our close management software helps my team get it done faster while making more accurate. The close software automates reconciliations, streamlines all my processes. The complex tasks are split into simple repeatable steps. In other words,  it’s easier to get through them systematically and efficiently.


When our management members get accurate numbers sooner, there’s more time for the strategic plan. We also now have time for higher order analysis. All this means we are ready to improve those results for the next month.  I transformed my team of data processors into interpreters of information, for instance.


Gartner Defines Financial Close Solutions.  Manage the financial close and apply appropriate controls throughout the accounting cycle.


Now that you know how close management software can help you save time and improve accuracy. Why not see how we can help you.

Blackline was created by accountants, for accountants. It’s an intuitive solution that fosters collaboration, we now report as a group together .

Blackline works with your existing checklists and Excel workbooks. You can be up and operational in less than two weeks. On average, Blackline customers close five days faster. Just imagine what could you do with three extra days every month?




bookmark_borderSmart Analytics BI Software- What is Smart Analytics Software?

Smart Analytics BI Software- What is Smart Analytics Software?

Organizations are looking for technologies that help more people do sophisticated analysis. Smart Analytics BI Software is the solution.

Software vendors, are investing in analytical capabilities that help anyone—from data scientists to business users—get to answers faster and uncover unanticipated insights. Through machine learning, statistics, natural language, and smart data prep, we are making analytics more approachable to users of all skill levels. That is the definition of Smart Analytics BI Software All things considered, in this digital age, it’s easier to get your hands into data. Above all the goal is to utilize data in gathering insights that would lead to the optimization of your business performance. The challenge now comes in extracting crucial information from your data that you can actually use to leverage decision-making and analyze trends.
Using Smart Analytics BI software at Canadian online casinos is one way to understand your customers and make the most of their experience. Analytics can provide managers with insight into customer behavior and other factors that may affect their earnings. By using the right analytics software, zodiac casino managers can make the right decisions and maximize profits. The Smart Analytics BI software used by online casinos can help operators do this.
Since this process is prone to losing metrics and trends in the mass of information, it is logical for businesses to use tools and software programs to transform raw data for human consumption by automating algorithms and mechanical processes. With the plethora of solutions available at your disposal, we compiled the leading data analytics software products in the category to check out.
  • We make your data more accessible by:

    • saving you from the usual routine of searching, downloading and processing data from numerous internal and external sources. We provide access to verified and visualized data for you, your co-workers, clients and partners.
  • We make your data more valuable by:

    • helping you to get maximum benefit from information you have. We explore and combine various sources of data, and apply the best analytical tools and technologies creating a product that will improve your performance and increase the intellectual capital and the value of your business.
  • We make your data more profitable by:

    • opening up new ways of using it for cost reduction, raising the quality of service and identifying promising market outlets. Our solutions will assist you with efficient planning and identifying specific business recommendations.


Data Management & Big Data

Intellectual processing of Big Data from both internal and external sources

  • Data collection and processing
  • Integration and harmonization
  • Data quality management
  • Automated data collection from internal and external sources
  • Big Data projects

Business Intelligence & Visual Discovery

Our user-friendly tools make light work of:

  • Data visualization and infographics
  • Reports and presentations
  • Flexible Online Analytical Processing (OLAP)
  • Geoanalytics
  • Data search
  • Self-service BI

Advanced Analytics and Forecasting

Comprehensive software solutions based on economic and mathematical modeling and machine learning

  • Time series analysis
  • System dynamics modeling
  • Econometric modeling
  • Scenario Analyses (what if and what for)
  • Data Mining

Mobile Analytics

Developing mobile applications for analytical and operative tasks

  • Applications for data access and search
  • Analytical apps
  • Mobile Office for top managers
  • Individually tailored apps for internal and external users

CHOOSE THE TOP-RATED Smart Analytics BI Software

Smart Analytics BI Software has helped transform hundreds of thousands of businesses around the world by providing self-service analytics at scale.  Here are top reasons why customers have chosen Smart BI as their analytic platform solution:
  • High value| Users can start free with Desktop.  Organizations can then choose to license users individually at a low monthly cost or extend business intelligence broadly with Smart BI Premium—purchasing only the capacity that’s needed. Since BI integrates with their existing tools, it’s instantly familiar and quick to transition.
  • Comprehensive analytics solution | Comprehensive capabilities allow users to model, analyze, and author to deliver business insights.  Organizations enjoy a flexible architecture that provides strong integration with Microsoft and 3rd party products and technologies for streamlined deployment.
  • Centralized management | Organizations can deploy in minutes and distribute BI content with just a few clicks. They can take advantage of the agility of self-service analytics with IT governance from Smart BI.
  • Global scale | Organizations have the flexibility to deploy their BI solution where they reside with global presence. BI provides guaranteed reliability and performance from a trusted company.
  • Security, governance, and compliance | Organizations can rely on a BI platform that helps comply with stringent industry standards and certifications, plus keep their data secure and control how it is accessed and used.